IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.23% USD/MXN17.32▲ 0.06% USD/CLP924.27▼ 0.73% USD/COP3,229▲ 0.83% USD/PEN3.39▲ 0.06% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.00▲ 0.02% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.86▼ 0.08% BRENT 83.84 ▼ 6.97% WTI 80.44 ▼ 5.00% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.61% GOLD 4,097 ▲ 1.19% SILVER 58.12 ▲ 0.91% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.24 ▲ 0.02% PETR4 42.87 ▼ 1.27% VALE3 74.31 ▼ 2.58% ITUB4 42.96 ▲ 0.21% BBDC4 18.51 ▲ 0.54% ABEV3 15.78 ▼ 1.31% BBAS3 21.28 ▼ 0.33% B3SA3 15.61 ▼ 0.76% WEGE3 48.34 ▲ 2.42% PRIO3 58.98 ▼ 3.07% SUZB3 43.39 ▲ 0.16% RENT3 38.08 ▲ 1.25% AZZA3 16.12 ▼ 1.83% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 3.98 ▼ 1.24% PSSA3 54.37 ▼ 0.60% CVCB3 1.42 ▲ 8.40% POSI3 3.52 ▼ 0.85% SLCE3 13.45 ▲ 0.52% NATU3 8.47 ▲ 1.07% BRKM5 5.89 ▼ 1.34% RANI3 8.42 ▲ 3.82% CSNA3 4.56 ▼ 5.79% CMIN3 5.69 ▼ 0.35% USIM5 7.57 ▲ 2.85% GGBR4 25.34 ▲ 1.44% ENEV3 26.69 ▲ 1.44% CPFE3 45.84 ▼ 0.65% CMIG4 11.15 ▼ 1.68% EQTL3 38.73 ▲ 0.18% LREN3 13.80 ▲ 1.47% VIVT3 32.36 ▼ 0.83% RAIL3 14.16 ▼ 1.94% KLABIN 18.27 ▲ 0.11% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.04 ▼ 1.73% HAPV3 11.89 ▲ 5.41% FLRY3 17.28 ▲ 0.82% SMTO3 14.33 ▼ 1.31% UGPA3 33.00 ▼ 0.15% VBBR3 36.20 ▲ 0.42% BBSE3 41.39 ▲ 0.32% BPAC11 57.18 ▲ 0.67% CURY3 31.36 ▲ 4.22% AERI3 2.15 — 0.00% VIVARA 22.73 ▲ 2.48% COMPASS 24.86 ▲ 0.08% VAMOS 3.29 ▼ 1.50% SANB11 28.84 ▲ 0.77% ASAI3 8.46 ▼ 0.47% SBSP3 27.29 ▼ 1.48% WALMEX 49.85 ▼ 0.80% GMEXICO 212.30 ▲ 2.20% FEMSA 217.65 ▼ 1.72% CEMEX 20.61 ▲ 0.49% GFNORTE 198.42 ▼ 1.08% BIMBO 61.33 ▼ 1.02% TELEVISA 9.69 ▼ 1.22% AMX 21.59 ▼ 2.17% GAP 377.00 ▲ 0.12% ASUR 276.57 ▲ 0.34% OMA 230.70 ▼ 0.27% KOF 185.65 ▼ 0.86% GRUMA 263.49 ▲ 2.04% KIMBER 40.15 ▼ 0.12% SQM-B 61,804 ▼ 1.43% COPEC 6,275 ▼ 1.18% BSANTANDER 80.10 ▼ 1.10% FALABELLA 6,332 ▲ 1.87% ENELAM 87.42 ▼ 0.65% CENCOSUD 1,949 ▼ 0.30% CMPC 1,069 ▲ 1.30% BANCO CHILE 191.90 ▼ 0.93% LATAM AIR 25.25 ▲ 2.06% YPF 8,130 ▼ 1.93% GGAL 7,980 ▲ 1.25% PAMPA 5,500 ▼ 0.99% TXAR 655.00 ▼ 0.68% ALUAR 964.50 ▼ 1.33% TGS 9,930 ▼ 1.19% CEPU 2,378 ▼ 0.75% MIRGOR 1,655 ▼ 89.88% COME 43.19 ▼ 1.91% LOMA NEGRA 3,558 ▼ 1.73% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,385 ▼ 0.51% ECOPETROL 16.58 ▼ 1.16% BANCOLOMBIA 90.99 ▼ 1.66% GRUPO AVAL 5.22 ▼ 1.14% CREDICORP 395.86 ▼ 1.18% SOUTHERN COPPER 185.92 ▲ 1.76% BUENAVENTURA 30.21 ▼ 0.25% MERCADOLIBRE 1,893 ▲ 0.82% NUBANK 14.50 ▲ 1.19% XP 17.06 — 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.31 ▼ 0.62% GLOBANT 37.49 ▲ 2.43% TECNOGLASS 46.35 ▲ 6.69% GAP AIRPORT 217.15 ▼ 0.09% ASUR 276.57 ▲ 0.34% OMA AIRPORT 106.42 ▼ 0.45% AMX ADR 24.85 ▼ 1.99% FEMSA ADR 125.27 ▼ 2.13% CEMEX ADR 11.86 ▲ 0.33% PETROBRAS ADR 19.05 ▼ 1.80% VALE ADR 14.55 ▼ 3.39% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.46% GERDAU 4.99 ▲ 0.60% LATAM ADR 54.52 ▲ 3.33% BTC 63,862 ▲ 0.60% ETH 1,868 ▼ 0.75% SOL 74.00 ▲ 0.75% XRP 1.08 ▼ 0.28% BNB 591.28 ▲ 0.63% ADA 0.19 ▲ 2.30% DOGE 0.07 ▼ 0.37% AVAX 6.55 ▲ 0.13% LINK 8.23 ▼ 1.64% DOT 0.83 ▲ 4.04% LTC 44.19 ▼ 1.00% BCH 213.40 ▲ 0.41% TRX 0.33 ▲ 0.72% XLM 0.17 ▼ 1.50% HBAR 0.07 ▲ 0.89% NEAR 1.75 ▲ 1.71% ATOM 1.35 ▲ 6.42% AAVE 92.99 ▲ 1.08% SELIC 14.25% EMBRAER 90.56 ▲ 4.22% EMBRAER ADR 71.22 ▲ 4.23% JBS 13.82 ▼ 1.43% JBS BDR 70.29 ▼ 0.58% MBRF3 17.76 ▲ 1.25% MBRFY 3.43 ▼ 0.29% INTER 5.63 ▲ 0.45% EGX 54,094 ▼ 0.35% USD/ZAR16.52▼ 0.19% USD/NGN1,361▲ 0.07% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY156.75▼ 0.45% USD/CNY6.75▼ 0.07% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD1.15▼ 0.23% GBP/USD1.34▼ 0.41% SPX 7,604 ▲ 1.53% DJI 53,145 ▲ 1.26% NDX 28,787 ▲ 1.81% RUT 2,980 ▲ 1.65% TSX 35,226 ▼ 0.79% VIX 15.77 ▼ 1.38% USD/CAD1.40▲ 0.22% US10Y 4.6880 ▼ 1.20% IBOV 177,512.41 ▼ 0.27% IPSA 11,014.88 ▼ 0.02% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,287,637 ▼ 0.11% COLCAP 2,382.69 ▼ 0.39% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.23% USD/MXN 17.32 ▲ 0.06% USD/CLP 924.27 ▼ 0.73% USD/COP 3,229 ▲ 0.83% USD/PEN 3.39 ▲ 0.06% USD/ARS 1,494 ▲ 0.57% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.00 ▲ 0.02% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.86 ▼ 0.08% BRENT 83.84 ▼ 6.97% WTI 80.44 ▼ 5.00% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.61% GOLD 4,097 ▲ 1.19% SILVER 58.12 ▲ 0.91% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.24 ▲ 0.02% PETR4 42.87 ▼ 1.27% VALE3 74.31 ▼ 2.58% ITUB4 42.96 ▲ 0.21% BBDC4 18.51 ▲ 0.54% ABEV3 15.78 ▼ 1.31% BBAS3 21.28 ▼ 0.33% B3SA3 15.61 ▼ 0.76% WEGE3 48.34 ▲ 2.42% PRIO3 58.98 ▼ 3.07% SUZB3 43.39 ▲ 0.16% RENT3 38.08 ▲ 1.25% AZZA3 16.12 ▼ 1.83% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.70 ▲ 4.25% GMAT3 3.98 ▼ 1.24% PSSA3 54.37 ▼ 0.60% CVCB3 1.42 ▲ 8.40% POSI3 3.52 ▼ 0.85% SLCE3 13.45 ▲ 0.52% NATU3 8.47 ▲ 1.07% BRKM5 5.89 ▼ 1.34% RANI3 8.42 ▲ 3.82% CSNA3 4.56 ▼ 5.79% CMIN3 5.69 ▼ 0.35% USIM5 7.57 ▲ 2.85% GGBR4 25.34 ▲ 1.44% ENEV3 26.69 ▲ 1.44% CPFE3 45.84 ▼ 0.65% CMIG4 11.15 ▼ 1.68% EQTL3 38.73 ▲ 0.18% LREN3 13.80 ▲ 1.47% VIVT3 32.36 ▼ 0.83% RAIL3 14.16 ▼ 1.94% KLABIN 18.27 ▲ 0.11% RAIA DROGASIL 18.55 ▲ 0.38% RDOR3 34.04 ▼ 1.73% HAPV3 11.89 ▲ 5.41% FLRY3 17.28 ▲ 0.82% SMTO3 14.33 ▼ 1.31% UGPA3 33.00 ▼ 0.15% VBBR3 36.20 ▲ 0.42% BBSE3 41.39 ▲ 0.32% BPAC11 57.18 ▲ 0.67% CURY3 31.36 ▲ 4.22% AERI3 2.15 — 0.00% VIVARA 22.73 ▲ 2.48% COMPASS 24.86 ▲ 0.08% VAMOS 3.29 ▼ 1.50% SANB11 28.84 ▲ 0.77% ASAI3 8.46 ▼ 0.47% SBSP3 27.29 ▼ 1.48% WALMEX 49.85 ▼ 0.80% GMEXICO 212.30 ▲ 2.20% FEMSA 217.65 ▼ 1.72% CEMEX 20.61 ▲ 0.49% GFNORTE 198.42 ▼ 1.08% BIMBO 61.33 ▼ 1.02% TELEVISA 9.69 ▼ 1.22% AMX 21.59 ▼ 2.17% GAP 377.00 ▲ 0.12% ASUR 276.57 ▲ 0.34% OMA 230.70 ▼ 0.27% KOF 185.65 ▼ 0.86% GRUMA 263.49 ▲ 2.04% KIMBER 40.15 ▼ 0.12% SQM-B 61,804 ▼ 1.43% COPEC 6,275 ▼ 1.18% BSANTANDER 80.10 ▼ 1.10% FALABELLA 6,332 ▲ 1.87% ENELAM 87.42 ▼ 0.65% CENCOSUD 1,949 ▼ 0.30% CMPC 1,069 ▲ 1.30% BANCO CHILE 191.90 ▼ 0.93% LATAM AIR 25.25 ▲ 2.06% YPF 8,130 ▼ 1.93% GGAL 7,980 ▲ 1.25% PAMPA 5,500 ▼ 0.99% TXAR 655.00 ▼ 0.68% ALUAR 964.50 ▼ 1.33% TGS 9,930 ▼ 1.19% CEPU 2,378 ▼ 0.75% MIRGOR 1,655 ▼ 89.88% COME 43.19 ▼ 1.91% LOMA NEGRA 3,558 ▼ 1.73% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,385 ▼ 0.51% ECOPETROL 16.58 ▼ 1.16% BANCOLOMBIA 90.99 ▼ 1.66% GRUPO AVAL 5.22 ▼ 1.14% CREDICORP 395.86 ▼ 1.18% SOUTHERN COPPER 185.92 ▲ 1.76% BUENAVENTURA 30.21 ▼ 0.25% MERCADOLIBRE 1,893 ▲ 0.82% NUBANK 14.50 ▲ 1.19% XP 17.06 — 0.00% PAGSEGURO 9.68 ▲ 0.36% STONE 11.31 ▼ 0.62% GLOBANT 37.49 ▲ 2.43% TECNOGLASS 46.35 ▲ 6.69% GAP AIRPORT 217.15 ▼ 0.09% ASUR 276.57 ▲ 0.34% OMA AIRPORT 106.42 ▼ 0.45% AMX ADR 24.85 ▼ 1.99% FEMSA ADR 125.27 ▼ 2.13% CEMEX ADR 11.86 ▲ 0.33% PETROBRAS ADR 19.05 ▼ 1.80% VALE ADR 14.55 ▼ 3.39% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.70 ▲ 0.53% AMBEV ADR 3.06 ▼ 1.61% CSN 0.91 ▼ 7.46% GERDAU 4.99 ▲ 0.60% LATAM ADR 54.52 ▲ 3.33% BTC 63,862 ▲ 0.60% ETH 1,868 ▼ 0.75% SOL 74.00 ▲ 0.75% XRP 1.08 ▼ 0.28% BNB 591.28 ▲ 0.63% ADA 0.19 ▲ 2.30% DOGE 0.07 ▼ 0.37% AVAX 6.55 ▲ 0.13% LINK 8.23 ▼ 1.64% DOT 0.83 ▲ 4.04% LTC 44.19 ▼ 1.00% BCH 213.40 ▲ 0.41% TRX 0.33 ▲ 0.72% XLM 0.17 ▼ 1.50% HBAR 0.07 ▲ 0.89% NEAR 1.75 ▲ 1.71% ATOM 1.35 ▲ 6.42% AAVE 92.99 ▲ 1.08% SELIC 14.25% EMBRAER 90.56 ▲ 4.22% EMBRAER ADR 71.22 ▲ 4.23% JBS 13.82 ▼ 1.43% JBS BDR 70.29 ▼ 0.58% MBRF3 17.76 ▲ 1.25% MBRFY 3.43 ▼ 0.29% INTER 5.63 ▲ 0.45% EGX 54,094 ▼ 0.35% USD/ZAR 16.53 ▼ 0.09% USD/NGN 1,361 ▼ 0.23% NIKKEI 63,755 ▼ 0.94% CSI300 4,543 ▼ 0.98% HSI 26,009 ▲ 0.48% NIFTY 24,774 ▲ 1.60% KOSPI 6,257 ▼ 5.12% JCI 6,234 ▼ 0.03% USD/JPY 156.87 ▼ 0.34% USD/CNY 6.7434 ▼ 0.02% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD 1.1515 ▼ 0.10% GBP/USD 1.3429 ▼ 0.43% SPX 7,604 ▲ 1.53% DJI 53,145 ▲ 1.26% NDX 28,787 ▲ 1.81% RUT 2,980 ▲ 1.65% TSX 35,226 ▼ 0.79% VIX 15.77 ▼ 1.38% USD/CAD 1.4041 ▲ 0.17% US10Y 4.6880 ▼ 1.20%
since 2009
Monday, August 3, 2026

Brazil Business - Brazil

Minister Says Brazil Preserved 84 Percent of the Amazon by its Own Efforts

By · September 10, 2019 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – Environment Minister Ricardo Salles said on Monday, September 9th, that Brazil has preserved the Amazon through its own efforts. “Brazil is a country that has preserved 84 percent of its Amazon rainforest, and has done so on its own merits, with its own efforts, and continues to preserve and defend the forest.”

The minister addressed the National Environmental Quality Agenda at the Lunch-Debate of the Group of Business Leaders (LIDE) which was attended by CEOs, presidents and other corporate leaders, and other public officials in São Paulo.
The minister addressed the National Environmental Quality Agenda at the Lunch-Debate of the Group of Business Leaders (LIDE) which was attended by CEOs, presidents and other corporate leaders, and other public officials in São Paulo.(Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

“We have several financial mechanisms that have been proposed internationally, including the Paris Agreement, and also the Kyoto Protocol: payment for environmental services, carbon credits, REDD (Reducing Emissions from Deforestation and Forest Degradation), in short, an entire framework of funds that are being proposed around the world to contribute to preservation.”

In a press conference, Salles said that this will be the country’s position in the next UN General Assembly, and also said that the country is open to receiving resources. “Brazil is open to receiving and wants to materialize these services as soon as possible in order to be able to serve the environment, the forest, and preservation”.

The minister addressed the National Environmental Quality Agenda at the Lunch-Debate of the Group of Business Leaders (LIDE) which was attended by CEOs, presidents and other corporate leaders, and other public officials in São Paulo.

It is probably no coincidence that Salles used this occasion for an information campaign. Brazilian business paper Valor Econômico says executives are uncomfortable with the president’s behavior: “Investment committees and boards of directors of large funds are more and more reluctant to allocate funds in Brazil because of what they refer to as ‘civilizational setbacks’. This perception has intensified with the Amazon events and the case of Macron’s wife,” says an executive.

Investment committees and boards of directors of large funds are more and more reluctant to allocate funds in Brazil because of what they refer to as ‘civilizational setbacks in Brazil.
Investment committees and boards of directors of large funds are more and more reluctant to allocate funds in Brazil because of what they refer to as ‘civilizational setbacks in Brazil. (Photo internet reproduction)

The Minister of the Environment added that the government’s actions against illegal deforestation in the Amazon include the updating of the decree on conversion of fines. “The tasks of fighting crime are carried out mainly by police authorities, by environmental inspection agencies, in the area of administrative penalties. The criminal perception of environmental crimes is carried out through the Judiciary. In addition, we are updating the decree on the enforcement of fines, speeding up the program,” he said.

Decree 9,760 introduces changes in the collection of federal government fines on environmental crimes. The text broadens the scope for converting compensation into environmental recovery actions, for instance. The main change introduced by the decree establishes that the bodies linked to the Ministry of the Environment are required to encourage conciliation in cases of administrative infractions for environmental damage and to follow a process described in the document.

As for international criticism of the increase in forest fires in the Amazon, Salles said that the government has taken all the steps it could take in response to this issue and that the trend is to control it.

“The government has determined an unprecedented operation to ensure the rule of law and environmental order, providing the states with more than 4,000 men, several aircraft, with very significant investments in fighting these fires and also in the fight against illegal deforestation. All the answers available to the federal government have been placed now, in partnership with the state governments, which also play an important role in both issues, both in the control of fires and in the fight against illegal activities. This joint effort, of course, will bring rapid results and we are already feeling many of them in the field”.

During the presentation to businessmen, the minister said that the real problem hindering the sustainable economic development of the Amazon is the lack of regulation of mining activities in the region. Quoting an article in the Wall Street Journal, Salles mentioned that 51 percent of forest fires occur in unclaimed areas, which creates room for legal insecurity and deforestation. ” Land tenure regulation is a precondition for being able to implement liability to take care of what is there,” he said.

This perception of civilatory setback has intensified with the Amazon events and the case of Macron’s wife,” says an executive.
This perception of ‘civilizational setback has intensified with the Amazon events and the case of Macron’s wife,” says an executive.

Salles also accused previous governments of “inflating the public machine,” affecting two of Brazil’s main environmental institutions, the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) and the Chico Mendes Institute for Biodiversity Conservation (ICMbio ).

“We had previous governments swelling the public machine, hiring public servants, a series of expenses, without concern for meritocracy and goals,” he said when questioned about ICMBio and IBAMA’s performance under the current government.

The minister again criticized previous governments to defend the use of a sustainable economy to help Brazilians who live in the region. “And what has been done in recent years? Almost nothing. It was year in, year out, and the worst Human Development Index is in the Amazon. Something needs to be changed to include this population, which cannot be left behind,” he said.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.